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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (782)	9/7/2000 4:38:37 PM
From: allen menglin chen	Read Replies (1) \| Respond to of 19633

SFAM, a semi equip company just warned...probably won't be as big as the KLIC news to semi stocks??? biz.yahoo.com

To: Tom Hua who wrote (782)	9/7/2000 5:16:53 PM
From: allen menglin chen	Read Replies (1) \| Respond to of 19633

ZOOX warned AH. VIXL and CRDS drop on sympathy.

To: Tom Hua who wrote (782)	9/7/2000 9:00:28 PM
From: The_Peach	Read Replies (4) \| Respond to of 19633

Wow you are brave to short a stock that is in the business of curing cancer with partners like SmithKline Beecham, Genentech, Abgenix and British Biotech that is expected to announce the start of their multi-dosing stage of their Phase I/II trial. I mean don't get me wrong -- any stock that makes a powerful move up is subject to profit taking. But one who follows the move biotechs make including IMGNs previous rise to $20 would know that even when they appear overbought they can run another $5-7 before correcting. The potential for curing cancer is a powerful lift for some of these biotechs. And all that risk and you are only looking for $2 to make off of it? I personally like a Krispy Kreme at $100 for a short and $90, $80, $70 etc... rather than going against a "hot" biotech for a possible two buck gain. Good Luck to you -- I hope others short IMGN and are forced to cover and produce a big spike on short covering! :o)